Daily Market Recap – August 18th

Crypto and fintech news continue to dominate this week’s market wrap. The Federal Reserve has shifted its oversight of the industry to standard regulatory frameworks, while Grayscale seeks approval for a Dogecoin ETF. Meanwhile, UAE airlines are now accepting crypto for bookings. Global political leaders convened to discuss peace talks in Ukraine. And Japan’s FSA will be greenlighting a yen-pegged stablecoin this fall. In company news, Wellgistics Health Inc. launched an XRP Ledger payment system for pharmacies, while Gemini filed for an IPO on Nasdaq.